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THEORY OF ACCOUNTS
LECTURE NOTES
REVENUE
PAS 18
Scope
1 This Standard shall be applied in accounting for
revenue arising from the following transactions and
events:
(a) the sale of goods;
(b) the rendering of services; and
(c) the use by others of entity

THEORY OF ACCOUNTS
LECTURE NOTES
AGRICULTURE/ BIOLOGICAL ASSETS
PAS 41
Scope
1. This Standard shall be applied to account for the
following when they relate to agricultural activity:
(a) biological assets;
(b) agricultural produce at the point of harvest;

THEORY OF ACCOUNTS
LECTURE NOTES
INVESTMENT PROPERTY
PAS 40
(b) land held for a currently undetermined future
use. (If an entity has not determined that it will
use the land as owner-occupied property or for
shortterm sale in the ordinary course of
busine

THEORY OF ACCOUNTS
LECTURE NOTES
PROPERTY, PLANT & EQUIPMENT
PAS 16
or for administrative purposes; and
(b) are expected to be used during more than
one period.
Scope
2. This Standard shall be applied in accounting
for property, plant and equipment except

LECTURE NOTES
JOINT PRODUCTS & BY-PRODUCTS
Many manufacturing processes yield two or more
products simultaneously, an example is meat packing,
the resulting outputs are called joint or main product(s),
by products, and scrap with the distinction depending

LECTURE NOTES
JOB ORDER COST SYSTEM is used in those
manufacturing situations where many different products,
jobs, or batches of production are being produced each
period. Examples of industries that would typically use
job order costing include special-o

Process Costing- a system applicable to a continuous
process of production of the same or similar goods. It is
used in those industries such as bricks, flour, and
cement. The method is also employed in assembly-type
operations, as well as in utilities pro

THEORY OF ACCOUNTS
LECTURE NOTES
CONCEPTUAL FRAMEWORK FOR FINANCIAL
REPORTING
(2010 Framework)
Purpose and Status of the Framework
The Conceptual Framework describes the basic concepts
that underlie the preparation and presentation of
financial statements

THEORY OF ACCOUNTS
Intro and Preface to PFRS
LECTURE NOTES
INTRODUCTION AND PREFACE TO PFRSs
1.
The Financial Reporting Standards Council (FRSC)
was established by the Board of Accountancy (BOA
or the Board) in 2006 under the Implementing Rules
and Regula

Corporate Governance of
Japanese companies:
shareholders & their interests
Souichirou Kozuka
Professor of Law
Sophia University
Key to understanding Japanese
corporate law
Simple (simplistic) shareholder centri
sm
Manager should be loyal to sharehold
er i

INSTRUCTIONS. Use the provided answer sheet and write the CAPITAL letter of your best choice. This drill is good for 45
minutes. Good Luck!
Lucas Co. adds materials in the beginning of the process in the Forming Dept., which is the first of two stages of

INSTRUCTIONS. Use the provided answer sheet and write the CAPITAL letter of your best choice. This drill is good for 45
minutes. Good Luck!
Tudors, Inc. purchases and resells a single item of product. Inventory at the beginning of September, 2014 was 400

210
CHAPTER 16
Problem 16-1
1.
2.
3.
4.
5.
C
D
D
D
B
Problem 16-2
Cash paid for land and old building
Removal of old building
Payment to tenants of old building to vacate premises
Architect fee
Building permit
Fee for title search
Survey before constructi

Taxation 2
DONORS TAX
FLABERT VILLASENCIO, CPA
Notre Dame of Dadiangas University
Donation
oAn act of gratuitously transferring
property or rights motivated by the
liberality of the giver in favor of the
receiver
oThe transfer includes not only the
trans

T1
APPLICATION FOR A TEMPORARY WORK PERMIT
The application for the grant of a Temporary Work Permit should be addressed to:
The Chief Immigration Officer, Department of Immigration, P.O. Box 1098, Grand Cayman KY1-1102, Cayman Islands
PLEASE DO NOT LEAVE

Page 1 of 3
Name: _
Section: BSA31KB1
Date: June 23, 2015
Score:_
PART I | FALSE or TRUE
Direction: Write FALSE if the statement is true and TRUE if the statement is false. Write the correct answer on the space provided for before each
number.
1. Tradeoff

3.1. Preliminary Analysis
The main objectives of preliminary analysis is to identify the customer's
needs, evaluate system concept for feasibility, perform economic and technical
analysis, perform cost benefit analysis and create system definition that fo

AQUILA LEGIS FRATERNITY
Corporation Law Reviewer
Page 1 of 87
Darren L. Salipsip 98B & Ronald Patrick Rubin 06C
CHAPTER 2: DEFINITION AND ATTRIBUTES
A corporation is an artificial being created by operation of law, having the right of succession and
the p